In case people outside Texas considering Plano, TX for STR, please be aware that Plano City Council just voted for a interim ban on STR in Plano city limits.The purpose of the interim measure, according to Day’s presentation on May 8, is “to prohibit the establishment of new short-term rentals of dwelling units while the city conducts public outreach, collects data, and analyzes information to determine permanent recommendations, due to community concerns about health and safety.”

I then figured out exactly where it was located, looked up the zoning codes, did rough measurements of the site and realized that this had absolutely huge potential.

Properties across the street, that may even be the same size, could be worthless as a comp...but a property 6 blocks away may be better....and not because it makes your property look better.First, don't bother analyzing properties...analyze markets, to find micro-markets.Second, understand that "time on market" isn't measured from the time the property was first listed, to the time it says it was "sold".  

-We started by measuring the distance the beam would span.

What are some safety measures and precautions I can take?

If you’re buying in a popular STR market it’ll be more helpful and less time intensive than reaching out to hosts. 4) Most people will measure STR profitability on an annual basis, not monthly, because almost all markets are seasonal. 

And in that case, depends on what part of the massive Disney property you are measuring to.

Monthly index: Metrics show Bryan-College Station economy continues to perform wellBy KENNY WILEY  of  "The Eagle" Newspaper Nov 24, 2018The Bryan-College Station area's economy continues to hum along, according to an index that measures a number of economic factors and metrics.The metro area's unemployment rate, at 2.9 percent, is tied for the lowest rate of the century in the rapidly growing region.

And 36 Other Key Financial Measures."

Bay Area Designs told me they needed to measure all 3 units since the third unit appears to be using a portion of the other unit; they need to update the city of the measurements.My goal with this property is to use the 2 car garage and the existing space to create a permitted third unit.